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The James Altucher Show

The Secret World of Illicit Finance | Raymond Baker, Author of 'Invisible Trillions'

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 2 February 2023

⏱️ 63 minutes

🧾️ Download transcript

Summary

Today, we're joined by Raymond Baker, author of the eye-opening book "Invisible Trillions: How Financial Secrecy is in periling Capitalism and Democracy, and the Way to Renew our Broken System". That's a lot in the subtitle, but it's also a massive topic that's often swept under the rug because - as Raymond details - essentially every large corporation engages in the tax-dodging practices he details in depth in today's conversation. Raymond talks about the interweaving between capitalism and democracy, whether it's a good thing across the world, and the international ramifications. The examples Raymond provides in the book and in the actual experiences and situations he recounts on today's episode are very serious, and it really does involve trillions of dollars.

Transcript

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0:00.0

Invisible trillions, how financial secrecy is in paralleling capitalism and democracy

0:13.1

and the way to renew our broken system.

0:15.4

That's a lot in the subtitle.

0:16.4

But the title is Invisible trillions by Raymond Baker.

0:20.0

And it discusses how basically we live in almost this quadrillion dollar economy, global

0:26.2

economy, and a lot of the money is corrupt.

0:30.9

We'll describe what that means in the podcast.

0:33.4

Raymond Baker talks about the interweaving between capitalism and democracy and whether

0:40.1

it's a good or bad thing across the world and we discuss all the ramifications.

0:45.7

I do think maybe capitalism might not be the right word because I think it leaves out

0:51.2

the innovation aspect of capitalism, but the examples Raymond provides in the book and

0:57.1

in the podcast and the techniques and the actual experiences and situations he recounts

1:04.3

are very real, very serious and they really does involve trillions of dollars and is worth

1:09.5

paying attention to.

1:10.6

So without further ado, let's go and talk about all the invisible trillions missing in

1:17.9

the world economy.

1:23.3

This isn't your average business podcast and he's not your average host.

1:28.2

This is the James Altiger show.

1:40.0

So Raymond, before we get into all the depressing stuff in your book, which is fascinating

1:44.4

and I have notes all over the place in it, you seem incredibly healthy.

1:48.8

You're 87, you're writing books, you're looking good.

1:51.7

What's the secret to quality longevity exercise?

...

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